Question 1

____________ is the application of total resources ($-workers-supports) and activity durations of the logic diagram.

Options :

A : Forecasting

B : Planning

C : Scheduling

D : Modeling

Answer: C

Question 2

In a manufacturing operation with the following annual cost structure, calculate the shutdown and break-even points as a percentage of total capacity.Fixed expenses: $5,203,440

Variable expenses: $7,091,040

Semi-variable expenses: $6,217,750

Sales: $26,385,480

Additional Information: Semi-variable expenses at zero production equal 30% of the expenses at full (100%) capacity.

Options :

A : 47.3% shutdown point and 12.5% break-even point

B : Cannot be determined from the given information.

C : 12.5% shutdown point and 47.3% break-even point

D : 12.5% shutdown point and 36.6% break-even point

Answer: C

Question 3

Options :

A : Indirects = $3.53, Overheads = $4.78

B : Indirects = $1.68, Overheads = $6.62

C : Indirects = $6.62, Overheads = $1.68

D : Indirects = $1.60, Overheads = $6.70

Answer: C

Question 4

Your company produces a wide variety of furniture, but you notice that many products share similar components or manufacturing steps. Which of the following philosophies would be most helpful in streamlining production by exploiting these similarities?

Options :

A : Group technology

B : Leanmanufacturing

C : Supply-chain management

D : Material-requirements planning (MRP)

Answer: A

Question 5

Given the project's status, how many hours have been earned if 6,573 hours have been spent and the project is 55% complete, against a planned 60%?

Options :

A : 7,200

B : 6,573

C : 6,960

D : 6,600

Answer: D